[OP Ed. Note: This Editorial Was Drafted Without AI]

Yo Pit Crazies,

There is nothing like a 4% drop in the SPDR S&P 500 Trust ETF (SPY) to have it followed up by a 1% bounce and VIX is still over 24. 24 VIX is Zone 4, the Danger Zone.

Where all bad things happen to good stocks. Usually there is a reason.

The reason of course is the 1st day after the election the new party in charge did not talk much about affordability.

Mostly subpoenas and massive spending increases that are causing the inflation in the first place.

Elon Musk going to jail? For what? Anyway these are not the solutions people are looking for, said Obi Wan Giovinazzi.

The bigger issue too is that the Anthropic IPO is losing steam and my guess is that it will go lower than $1 Trillion dollars. That will put a cap on things in the short term and is reminiscent of the pre-SPCX IPO.

1-Year QQQ Chart

What I see here is that the Invesco QQQ Trust (QQQ) made a high on the coming IPO euphoria.

Then note the ugly downside candles.

There is a similar pot brewing right now.

It was choppy but the QQQ pulled out of it and went sideways for a month while Pres Trump got us a no deal in Iran.

I feel like we are in the same place.

What is the playbook now?

VIX is still crazy backward and there is a serious case of I-do-not-know-what-to-do’s going on. Until VIX can break below 24 and stay there we are not out of the selloff woods yet.

VIX curve 11.06.2026

We are getting together to address this New World next week.

Come and join us and get 1 month free of Weekly Profit Cycles where we have been closing SPY put spread like crazy.

It is the right time for this strategy, especially in volatile markets.

Check it out here.

I hope this was helpful,

AG